Suppose a professional baseball catcher has heard about a new "super deluxe catcher's mask that is guaranteed to protect catchers from being permanently brain damaged by a foul ball to the head." This mask costs $750 and Alias Sports Bureau (a baseball statistics company) has issued a report that using this mask will lower a catcher's risk of serious brain damage due to a foul ball to the head from 2/250,000 to 1/250,000. The baseball catcher eagerly buys this mask. By purchasing this mask, what is the implicit value the catcher is placing on his brain?

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The Answer of Suppose a professional baseball catcher has heard about a new "super deluxe catcher's mask that is guaranteed to protect catchers from being permanently brain damaged by a foul ball to the head." This mask costs $750 and Alias Sports Bureau (a baseball statistics company) has issued a report that using this mask will lower a catcher's risk of serious brain damage due to a foul ball to the head from 2/250,000 to 1/250,000. The baseball catcher eagerly buys this mask. By purchasing this mask, what is the implicit value the catcher is placing on his brain?

Suppose a Professional Baseball Catcher Has Heard About a New